Import/Export Industry Notifications
23 April 2020
THE HINDU | Cargo terminal operators invoking force majeure clause written in their concession agreements
23 April 2020
Operators running cargo terminals in the public-private-partnership (PPP) mode are bracing to invoke the force majeure clause written in their concession agreements. This would exempt them from paying royalty/revenue share by citing a decline in volumes and revenue due to pandemic-led trade disruptions.
23 April 2020
ECONOMY NEXT | Container transhipment business at Sri Lanka’s Colombo port has been hit
23 April 2020
Container transhipment business at Sri Lanka’s Colombo port has been hit by lockdowns in India and Bangladesh. Imports have fallen off and as have exported. The industry is hit by demand drops and transport issues.
23 April 2020
ET | Manufacturing units in SEZs and EOUs were not able to restart operations from Monday
23 April 2020
Manufacturing units in SEZs and EOUs were not able to restart operations from Monday as they did not receive permissions from authorities in their respective states. Units making essential items and agriculture goods are working since day one. Units are facing problems of cash flow.
23 April 2020
THE HINDU | Request to govt to ensure shipping lines & CFS follow the advisory
23 April 2020
M.K. Raghavan, MP, has sought the intervention of the Union government to stop the collection of demurrage and ground rent from importers and exporters at the Vallarpadam CFSS. He has made the request to the PM because it has been doubling the financial burden on many small-scale exporters and importers from the northern Kerala region.
23 April 2020
THE HINDU | China has taken on India for imposing additional restrictions on investors
23 April 2020
China has taken on India for imposing additional restrictions on investors from the country. It has said that the barriers directed only at a few nations violated the WTO principle of `non-discrimination'. According to the Chinese spokesperson’s statement, they do not conform to the consensus of G20 leaders to realise a free, fair, transparent, and stable trade and investment environment.
23 April 2020
INDIAN TRANSPORT & LOGISTICS NEWS | Maersk India urged its customers to switch from road to inland rail service
23 April 2020
Amid COVID-19 and lockdown in the country, Maersk India urged its customers to switch from road to inland rail service for faster and uninterrupted container movement. Grounding of passenger flights took away capacity from air cargo too. But, rail is the only mode of transport that seems to flow freely throughout the country.
23 April 2020
ET | Arshiya Ltd is ready to remove Container Congestion at JNPT and ICDs in Delhi NCR
23 April 2020
Arshiya Ltd is ready to remove Container Congestion at JNPT and ICDs in Delhi NCR through its Free Trade and Warehousing Zones. In National Interest, they will not be charging any Ground Rent for container storage and have spare capacity to store over 10,000 containers.
23 April 2020
ET | Some ports might be forced to shut export gates soon as the Import containers pile up at ports
23 April 2020
Some ports might be forced to shut export gates soon as the Import containers pile up at ports and manufacturing of non-essential goods is yet to pick up under the lockdown. Exporters looking to restart operations are confronted with multiple issues including additional costs due to stringent norms, cash flows and getting labour back to work.
23 April 2020
All INDIA RADIO | 12 major ports of the country have been asked to defer the lease fee, waive rental and penalties
23 April 2020
Against the drop in Export-Import (EXIM) cargo due to supply chain disruptions on account of the COVID-19, the 12 major ports of the country have been asked to defer the lease fee, waive rental and penalties. The decision is aimed at boosting supply chain logistics and providing relief to the shipping liners, exporters, importers and logistics providers impacted by the COVID-19 outbreak.
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